Can any one help me if a company wants to move to new commercial offices . And the office building is not in good standard of using. Then the company did some refurbishment work to make the office up to standard level to use.These include supply , install and commision for air conditioning , electronic works, Proclain floor tiles , wider doors to WC cubicles , suspended chiling to mathc the existing 1st floor office , carpet tiling , vinyl flooring colour, internal decorations, remove internal wall and partitions, redecorate front elevation metalwork in accordance.
Now , as a Bookkeeper , should i treat all these above expenditur as a capital expenditur worht around £15k. As it increase the value of the fixed assets (Office building) , should i put all the transaction as the office Building cost in the nominal ledger ?
Please help me.
Samiur Rahman, FIAB